How Often Does General Mills, Inc. (NYSE:GIS) Beat Earnings Estimates?

General Mills Inc
How Often Does General Mills, Inc. (NYSE:GIS) Beat Earnings Estimates?
Author

22 March, 2017

A bruising 20% drop in yogurt sales in the USA led General Mills to post yet another quarter of declining sales, as the Big Food maker continues to confront prolonged woes in the yogurt aisle. Sales declined 5% to $3.79 billion, the seventh straight quarterly slide and slightly worse than forecasts for $3.819 billion. During the same period a year ago, the firm earned $0.65 earnings per share. The 1 year EPS growth rate is 40.60%. Wells Fargo & Co reiterated a "hold" rating on shares of General Mills in a research note on Tuesday, December 20th.

The Minneapolis company said fiscal third-quarter sales in its North American retail segment, the company's largest, fell 7% compared with a year ago, dragged down by double-digit declines in its USA meals and baking and yogurt categories. In this case, shares are down -15.35% from $72.95, the 52-week high touched on Jul. 06, 2016, and are keeping their losses at 1.1% for the past 12 months.

Target prices are used by analysts and brokers in reports to show how they anticipate a share in a particular firm to perform.

The current consensus rating on General Mills (NYSE:GIS) is Hold (Score: 2.00) with a consensus target price of $66.27 per share, a potential 9.97% upside. Poor earnings, bad news, organizational changes and/or market influences can cause a stock's price to decrease suddenly.

Over the couple years GIS has established a strong pattern of missing Street earnings views 33% of the time, according to historical earnings data, met predictions on 1 occasions and surpassed estimates 7 times over the last couple years.

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On 8/10/2016 Jeffrey L Harmening, COO, sold 33,150 with an average share price of $71.05 per share and the total transaction amounting to $2,355,307.50. The stock's 50 day moving average price is $61.33 and its 200 day moving average price is $62.51. General Mills had a return on equity of 35.10% and a net margin of 10.23%. Investors of record on Monday, April 10th will be paid a $0.48 dividend. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 21.33.

On 9/29/2015 General Mills announced a quarterly dividend of $0.44 3.14% with an ex dividend date of 10/7/2015 which will be payable on 11/2/2015. From our vantage point, firms throughout the space will need to bolster brand spending to offset intense competition (while also ensuring that its brand intangible assets persist longer term), a sentiment to which General Mills has provided credence. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.08. Stock has got OUTPERFORM rating from 1 analyst of Thomson Reuters, 13 analysts given HOLD rating to the stock. Zacks Investment Research raised General Mills from a sell rating to a hold rating in a report on Friday, March 10th. It is predicted to add 1% on day 1 and jump 2% on day 7 after the company reports upcoming earnings. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries.

But the key story at General Mills is the yogurt business declines.

Though not as steep as the declines seen in yogurt, General Mills said USA sales also fell for cereal, snacks, and meals and baking in the retail segment.


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